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What You Need to Know about the House Tax Bill

Summary:
Veronique de Rugy weighs in on the House’s tax reform bill and ways the Senate might change it. de Rugy also discusses the future of employment, deductions, and government spending. Will the elimination of various deductions have political consequences for certain Representatives? “Voters are happy to shrug off bad policy decisions, or expensive policy decisions, without asking too many questions because they’re not shouldering most of the cost,” she said. de Rugy said she is bothered by how lawmakers continue to pass the budget and refuse to touch government spending. “If you’re not going to cut spending, no one deserves a tax cut,” she said. “All we are doing is effectively pushing higher taxes on our children.”

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Veronique de Rugy weighs in on the House’s tax reform bill and ways the Senate might change it. de Rugy also discusses the future of employment, deductions, and government spending.

Will the elimination of various deductions have political consequences for certain Representatives? “Voters are happy to shrug off bad policy decisions, or expensive policy decisions, without asking too many questions because they’re not shouldering most of the cost,” she said.

de Rugy said she is bothered by how lawmakers continue to pass the budget and refuse to touch government spending. “If you’re not going to cut spending, no one deserves a tax cut,” she said. “All we are doing is effectively pushing higher taxes on our children.”

Veronique De Rugy
Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University and a nationally syndicated columnist. Her primary research interests include the U.S. economy, the federal budget, homeland security, taxation, tax competition, and financial privacy. Her popular weekly charts, published by the Mercatus Center, address economic issues ranging from lessons on creating sustainable economic growth to the implications of government tax and fiscal policies. She has testified numerous times in front of Congress on the effects of fiscal stimulus, debt and deficits, and regulation on the economy.

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